M-cap of 8 blue-chip cos dives Rs 58,504 cr; RIL biggest loser

Mumbai: Dragged down by RIL and Coal India, the combined market valuation of top-eight Sensex companies nosedived by Rs 58,504 crore last week.

Barring IT majors, TCS and Infosys, eight of the top 10 blue-chips that also included HDFC Bank, ONGC and SBI saw losses in their market capitalisation (m-cap) for the week ended March 1, in an overall weak stock market.

The BSE 30-scrip index, Sensex, fell by 2 percent to end the week at 18,918.52.

The m-cap of RIL plunged Rs 16,590 crore to Rs 2,61,916 crore, making it the biggest loser among the top-10 companies, as its scrip dropped by over 6 percent to Rs 809.50.